The European Commission has approved under the EU Merger Regulation the acquisition of sole control over INOVYN Limited of the UK by INEOS AG of Switzerland. INOVYN is active in the production and the supply of PVC and is currently jointly controlled by INEOS AG and Solvay. INEOS is active in the production and the supply of various chemicals which are upstream or downstream of the production of PVC. The Commission concluded that the proposed acquisition would raise no competition concerns because the companies' market shares are moderate and other suppliers will continue to be active on the markets concerned by the transaction. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8003. In 2014, the Commission approved, subject to conditions, the creation of INOVYN, a joint venture between INEOS and SOLVAY in case M.6905.
